|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 21, 2012||committed to rules|
|Jun 04, 2012||advanced to third reading|
|May 31, 2012||2nd report cal.|
|May 30, 2012||1st report cal.923|
|Apr 18, 2012||referred to aging|
senate Bill S6976
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6976 - Details
- See Assembly Version of this Bill:
- Current Committee:
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §467, RPT L
S6976 - Summary
Exempts veteran disability payments from inclusion as income of persons sixty-five years of age or over to determine eligibility for a real property tax exemption.
S6976 - Sponsor Memo
BILL NUMBER:S6976 TITLE OF BILL: An act to amend the real property tax law, in relation to the senior citizen exemption and veteran disability compensation PURPOSE OR GENERAL IDEA OF BILL: This bill deducts veterans' disability compensation used to calculate senior citizen real property tax exemptions. SUMMARY OF SPECIFIC PROVISIONS: Paragraph (a) of subdivision 3 of section 467 of the Real Property Tax Law would be amended to eliminate veterans' disability compensation for purposes of determining income eligibility for the senior citizen exemption. Section one of the bill is a technical amendment incorporating a prior amendment to the paragraph. JUSTIFICATION: Disabled United States armed forces members cannot deduct compensation payments for injuries received in war from their income when applying for the senior citizen exemption, but people that were not even citizens of this country during the war can take deductions for compensation received as a result of war. This bill
S6976 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6976 I N S E N A T E April 18, 2012 ___________ Introduced by Sen. KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Aging AN ACT to amend the real property tax law, in relation to the senior citizen exemption and veteran disability compensation THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 3 of section 467 of the real property tax law, as amended by chapter 259 of the laws of 2009, is amended to read as follows: (a) if the income of the owner or the combined income of the owners of the property for the income tax year immediately preceding the date of making application for exemption exceeds the sum of three thousand dollars, or such other sum not less than three thousand dollars nor more than twenty-six thousand dollars beginning July first, two thousand six, twenty-seven thousand dollars beginning July first, two thousand seven, twenty-eight thousand dollars beginning July first, two thousand eight, and twenty-nine thousand dollars beginning July first, two thousand nine, as may be provided by the local law, ordinance or resolution adopted pursuant to this section. Income tax year shall mean the twelve month period for which the owner or owners filed a federal personal income tax return, or if no such return is filed, the calendar year. Where title is vested in either the husband or the wife, their combined income may not exceed such sum, except where the husband or wife, or ex-husband or ex-wife is absent from the property as provided in subpar- agraph (ii) of paragraph (d) of this subdivision, then only the income of the spouse or ex-spouse residing on the property shall be considered and may not exceed such sum. Such income shall include social security and retirement benefits, interest, dividends, total gain from the sale or exchange of a capital asset which may be offset by a loss from the sale or exchange of a capital asset in the same income tax year, net rental income, salary or earnings, and net income from self-employment, but shall not include a return of capital, gifts, inheritances, VETERAN DISABILITY COMPENSATION, AS DEFINED IN TITLE 38 OF THE UNITED STATES CODE, payments made to individuals because of their status as victims of EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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